Since early this year, animal feed prices have increased by up to 50 per cent, causing Vietnamese farmers much difficulty, according to the Livestock Production Department of the Ministry of Agriculture and Rural Development.

Local feed producers recently announced an increase in feed prices from VND150 to VND250 per kg. The price for raw materials used in animal feed production has risen faster than the proportion of livestock product prices, reducing scale and economic efficiency. Read more of this post

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According to the Vietnam Customs in Jan-May Vietnam earned approximately US$ 672 million from exporting 263,170 MT of Pangasius up 24.7% in value and 4.7% in volume.

Pangasius export is expected to hit a record US$800 million in the first six months of the year.

In order to stabilize the supply of raw material and export price from July to the end of the year, Vasep Freshwater Fish Committee (VFFC) held a meeting with 25 biggest Pangasius exporters and Dong Thap and An Giang Fish Farming Associations to set the floor prices for export.

Accordingly, price of trimmed and untrimmed Pangasius fillet shipped abroad (except US) were fixed at US$3.3/kilo and US$2.3/kilo, respectively. Read more of this post

In the next two months, a pangasius farm of Cafatex Fishery Joint Stock Corporation (Cafatex Corp) will be certificated GlobalGAP.

The farm is located at Cau Ke district, Tra Vinh province on Hau river with the area of 8 hectares and annual production of 5,000 MT of raw pangasius. In the upcoming time, GlobalGAP certification and other international standards will be carried out by pangasius farms of the company with total area of 150 hectares. Read more of this post

Two pangasius farms with the tune of 20 hectares are expected to be granted ASC certificate in 2012. If they are certificated, 6,000 MT of raw pangasius per year – equivalent to 2,000 MT of finished products will be labeled ASC, Docifish Corporation (Docifish) reported.

In late 2010, the company was granted GlobalGAP certificate for its 5 ponds with the total area of 5 hectares which provide 1,500 MT of raw pangasius (500 MT of finished products). However, the supply of GlobalGAP-certificated pangasius only responded to a small part of Docifish’s demand of 6,000 MT of fish for export to the EU market per year. Therefore, the company strives to get certification for 100 percent of its pangasius farms to meet the requirements by its traditional partners and to follow the global trends. Read more of this post

Minh Phu Seafood Corp has issued VND 700 billion of three years bonds with par value of VND 1 billion per share

Minh Phu Seafood Corp (MPC) has issued VND700 billion of three year bonds with par value of VND1 billion per share. In the first phase (late 2010), MPC issued 200 bonds (worth VND200 billion) and the other 500 bonds were issued in the second phase (March 31, 2011) in order to raise operating capital for Minh Phu – Hau Giang shrimp processing plant and invest in an industrial shrimp farming project at Dat Do district, Ba Ria – Vung Tau province. Read more of this post

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Godaco reported its after-tax profit increased by 12.7 billion against the same period last year (VND 7.56 billion)

The increase of the company’s after-tax profit in Q1/2011 was attributed to higher net revenue, which increased by VND71.6 billion (69%). In the first quarter, Godaco’s production and export price both increased. Average export price rose from US$2.6/kilo to US$3.1 /kilo. Foreign exchange rate was also higher. Read more of this post

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In the first 2 months of 2011, Anvifish shipped more than 2,200 MT of Pangasius worth US$ 6.5 million.

On April 14, Anvifish held an annual shareholders meeting. The election result and executive board members for the period 2011-2016 were announced. Accordingly, Mr. Luu Bach Thao continued to be the Chairman of Management Board and General Director of Anvifish.